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To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 78 quality online brokers, then checked and compared basically every aspect of their offering: fees, available markets and products, trading platforms, deposit and withdrawal options and much much more. To be selected best online broker, service providers had to prove their excellence in multiple areas. We dug deep, so you won't have to.

5 brokers made it to the top in Japan. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for best international online broker of 2021 for citizens in Japan:

  1. Interactive Brokers is the best international online broker in 2021. Low trading fees. Wide range of products. Many great research tools.
  2. Saxo Bank takes second place. Great trading platform. Outstanding research. Broad product portfolio.
  3. TradeStation rounds out the top three. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools.
  4. Questrade, numero quattro. Low stock and ETF fees. Solid research tools. Superb customer service.
  5. Trading 212 just made it to the list at in fifth place. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
Best international online brokers of 2021 for citizens in Japan
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 Saxo Bank Danish investment bank 4.8 Best forex broker
#3 TradeStation US stockbroker 4.7
#4 Questrade Canadian stockbroker 4.6
#5 Trading 212 Global CFD and forex broker 4.6

What makes a good online broker? Surely, they need to provide great service in all areas. First of all, they need to offer fair fees and have a good safety score. Opening an account and depositing money should also be user-friendly processes. They need to provide access to a wide range of products and have a great platform.

These features are easy to list, but hard to figure out. We test brokers based on more than ~300 criteria with real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with our in-depth comparison table.

And now, let's see the best international online brokers in 2021 for citizens in Japan one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Japan
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools High forex fees

Open account

#1 Interactive Brokers
Fees
4.1

Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
US stock $1.0 $10.0 $1.0 $5.0 $0.0
UK stock $7.8 $10.4 - - $0.0
EURUSD benchmark fee $11.2 $7.9 - $8.3 $20.2
AUDUSD benchmark fee $9.1 $7.1 - $7.4 $7.7
GBPUSD benchmark fee $9.2 $6.4 - $6.7 $11.3
S&P 500 index CFD fee $2.8 $1.5 - $1.5 $2.0
Europe 50 index CFD fee $3.1 $2.1 - - $4.6

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#1 Interactive Brokers
Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most account types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Minimum deposit $0 $10,000 $1 $1,000 $1
Time to open account 1-3 days >3 days 1 day 1 day 1 day

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#1 Interactive Brokers
Deposit and withdrawal
3.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal each month free
Interactive Brokers withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
Interactive Brokers markets and products
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes Yes No
Bond Yes Yes No Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes No Yes

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#1 Interactive Brokers
Web trading platform
4.5

Interactive Brokers's web platform is simple and easy to use, even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Japan - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Web platform score 4.5 stars 5.0 stars 4.5 stars 3.8 stars 4.9 stars
Mobile platform score 3.8 stars 5.0 stars 4.8 stars 4.8 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 2.5 stars 4.3 stars -

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#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.

On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools

There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.1 stars
Recommended for Traders looking for low fees and a professional trading environment

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Saxo Bank Logo

#2 Best international online brokers for citizens in Japan
Saxo Bank

4.8

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

Open account

#2 Saxo Bank
Fees
3.0

Saxo Bank has average trading and non-trading fees overall. Trading fees vary greatly between different asset classes.
Pros Cons
Low forex fees Inactivity fee
Low fund fees High bond, options and futures fees
No withdrawal fee
Saxo Bank fees
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
US stock $1.0 $10.0 $1.0 $5.0 $0.0
UK stock $7.8 $10.4 - - $0.0
EURUSD benchmark fee $11.2 $7.9 - $8.3 $20.2
AUDUSD benchmark fee $9.1 $7.1 - $7.4 $7.7
GBPUSD benchmark fee $9.2 $6.4 - $6.7 $11.3
S&P 500 index CFD fee $2.8 $1.5 - $1.5 $2.0
Europe 50 index CFD fee $3.1 $2.1 - - $4.6

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#2 Saxo Bank
Account opening
2.5

Saxo's account opening is fully digital, user-friendly and available in most countries. On the other hand, the minimum deposit is high in certain countries and account verification can take longer.
Pros Cons
Fully digital Minimum deposit is high in certain countries
User-friendly Slow account verification
Available in almost every country
Saxo Bank minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Minimum deposit $0 $10,000 $1 $1,000 $1
Time to open account 1-3 days >3 days 1 day 1 day 1 day

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#2 Saxo Bank
Deposit and withdrawal
4.8

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets not available for deposit or withdrawal
Free withdrawal
No deposit fee
Saxo Bank withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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#2 Saxo Bank
Markets and products
5.0

Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where the selection could be improved.
Saxo Bank markets and products
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes Yes No
Bond Yes Yes No Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes No Yes

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#2 Saxo Bank
Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. While it's easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Japan - Saxo Bank trading platform
Saxo Bank trading platforms
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Web platform score 4.5 stars 5.0 stars 4.5 stars 3.8 stars 4.9 stars
Mobile platform score 3.8 stars 5.0 stars 4.8 stars 4.8 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 2.5 stars 4.3 stars -

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#2 Saxo Bank
Verdict

Saxo Bank is a great broker, providing a complex and good service.

It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 3.0 stars
Recommended for Investors and traders looking for a great trading platform and solid research

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TradeStation Logo

#3 Best international online brokers for citizens in Japan
TradeStation

4.7

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Mediocre customer service

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#3 TradeStation
Fees
4.1

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
Pros Cons
Low trading fees Withdrawal fee
Low stock and ETF fees
Multiple fee structures to choose from
TradeStation fees
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
US stock $1.0 $10.0 $1.0 $5.0 $0.0
UK stock $7.8 $10.4 - - $0.0
EURUSD benchmark fee $11.2 $7.9 - $8.3 $20.2
AUDUSD benchmark fee $9.1 $7.1 - $7.4 $7.7
GBPUSD benchmark fee $9.2 $6.4 - $6.7 $11.3
S&P 500 index CFD fee $2.8 $1.5 - $1.5 $2.0
Europe 50 index CFD fee $3.1 $2.1 - - $4.6

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#3 TradeStation
Account opening
5.0

TradeStation account opening is fully digital, user-friendly and fast. On the other hand, USD is the only available base currency (except for futures accounts).
Pros Cons
Fast Only USD accounts (unless you trade futures)
Fully digital
User-friendly
TradeStation minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Minimum deposit $0 $10,000 $1 $1,000 $1
Time to open account 1-3 days >3 days 1 day 1 day 1 day

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#3 TradeStation
Deposit and withdrawal
2.3

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; and the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit and withdrawal in cryptocurrencies High fee for wire withdrawal
Only USD accounts (unless you trade futures)
TradeStation withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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#3 TradeStation
Markets and products
2.7

TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
TradeStation markets and products
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes Yes No
Bond Yes Yes No Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes No Yes

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#3 TradeStation
Web trading platform
4.5

TradeStation has a nice-looking, user-friendly web trading platform with a safe login process, but it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Japan - TradeStation trading platform
TradeStation trading platforms
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Web platform score 4.5 stars 5.0 stars 4.5 stars 3.8 stars 4.9 stars
Mobile platform score 3.8 stars 5.0 stars 4.8 stars 4.8 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 2.5 stars 4.3 stars -

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#3 TradeStation
Verdict

TradeStation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.

On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfer. There is no forex trading, and customer service has room for improvement.

Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.1 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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Questrade Logo

#4 Best international online brokers for citizens in Japan
Questrade

4.6

Questrade, founded in 1999, is one of the most popular brokerage firms in Canada. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).

Questrade is considered safe because it has a long track record and is regulated by a top-tier regulator.

Recommended for traders and investors focusing on the canadian and us markets

Pros Cons
Low stock and ETF fees Slow account opening for non-Canadians
Solid research tools High withdrawal fee for non-Canadians
Superb customer service Limited account base currencies

Open account

#4 Questrade
Fees
3.7

Questrade has competitive fees for stocks, ETFs, funds and forex trading. However, CFD fees, as well as margin rates, are slightly at the higher end.
Pros Cons
Low non-trading fees High CFD fees
Low stock and ETF fees High margin rates
Low fund fees
Questrade fees
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
US stock $1.0 $10.0 $1.0 $5.0 $0.0
UK stock $7.8 $10.4 - - $0.0
EURUSD benchmark fee $11.2 $7.9 - $8.3 $20.2
AUDUSD benchmark fee $9.1 $7.1 - $7.4 $7.7
GBPUSD benchmark fee $9.2 $6.4 - $6.7 $11.3
S&P 500 index CFD fee $2.8 $1.5 - $1.5 $2.0
Europe 50 index CFD fee $3.1 $2.1 - - $4.6

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#4 Questrade
Account opening
3.8

For Canadian citizens, opening an account at Questrade is easy and fully digital. However, there is a high minimum deposit of $1,000.
Pros Cons
Fast Minimum deposit is higher than $500
Fully digital Complicated for non-Canadians
User-friendly
Questrade minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Minimum deposit $0 $10,000 $1 $1,000 $1
Time to open account 1-3 days >3 days 1 day 1 day 1 day

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#4 Questrade
Deposit and withdrawal
2.7

Deposits and withdrawals are free and user-friendly with electronic transfer for Canadians. However, the process is expensive for non-Canadians and credit/debit cards are not available.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Slow withdrawal - over 3 days
User-friendly High fee for wire withdrawals
Questrade withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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#4 Questrade
Markets and products
4.2

At Questrade, you can trade almost all asset classes except futures and cryptos. The product portfolio covers only the US and Canadian markets, though.
Questrade markets and products
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes Yes No
Bond Yes Yes No Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes No Yes

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#4 Questrade
Web trading platform
3.8

Questrade's web trading platform offers a simple, intuitive design, a wide variety of order types and price alerts. However, its customizability is limited and the fee reports are not clear.
Pros Cons
User-friendly No clear fee report available
Good variety of order types Limited customizability (for charts, workspace)
Price alerts
Best international online brokers for citizens in Japan - Questrade trading platform
Questrade trading platforms
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Web platform score 4.5 stars 5.0 stars 4.5 stars 3.8 stars 4.9 stars
Mobile platform score 3.8 stars 5.0 stars 4.8 stars 4.8 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 2.5 stars 4.3 stars -

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#4 Questrade
Verdict

Questrade is among the fastest-growing online brokerage firms in Canada. Its stock and ETF fees are low, research tools are advanced and customer service is outstanding.

Questrade has some shortcomings as well. Even though the account opening process for Canadians is quick and easy, it's slow and time-consuming if you are not Canadian. You can face high withdrawal fees if you are not a Canadian citizen and there are only USD and CAD as account base currencies.

Since Questrade has advanced research tools and offers great customer service, feel free to give it a try.

Questrade
Summary Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF).
Fees score 3.7 stars
Recommended for Traders and investors focusing on the Canadian and US markets

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Trading 212 Logo

#5 Best international online brokers for citizens in Japan
Trading 212

4.6

Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

Trading 212 is considered safe as it is regulated by the top-tier FCA. 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for active cfd and fx traders and investors looking for intuitive trading platforms

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Basic tools for fundamental analysis
Great trading platforms High forex fee

#5 Trading 212
Fees
3.8

Trading 212 has commission-free stocks and ETFs, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
Pros Cons
Free stock and ETF trading High forex fees
Low CFD fees High financing rate
No withdrawal and inactivity fee
Trading 212 fees
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
US stock $1.0 $10.0 $1.0 $5.0 $0.0
UK stock $7.8 $10.4 - - $0.0
EURUSD benchmark fee $11.2 $7.9 - $8.3 $20.2
AUDUSD benchmark fee $9.1 $7.1 - $7.4 $7.7
GBPUSD benchmark fee $9.2 $6.4 - $6.7 $11.3
S&P 500 index CFD fee $2.8 $1.5 - $1.5 $2.0
Europe 50 index CFD fee $3.1 $2.1 - - $4.6

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

More
76% of retail CFD accounts lose money

#5 Trading 212
Account opening
4.5

The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
Pros Cons
Fast Problems with verification
Fully digital
No minimum deposit
Trading 212 minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Minimum deposit $0 $10,000 $1 $1,000 $1
Time to open account 1-3 days >3 days 1 day 1 day 1 day

More
76% of retail CFD accounts lose money

#5 Trading 212
Deposit and withdrawal
4.3

Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
Pros Cons
Credit/Debit card available Few base currencies available in each country
Free withdrawal
No deposit fee
Trading 212 withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

More
76% of retail CFD accounts lose money

#5 Trading 212
Markets and products
3.7

Trading 212 focuses mainly on CFDs, forex and cryptos. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.
Trading 212 markets and products
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes Yes No
Bond Yes Yes No Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes No Yes

More
76% of retail CFD accounts lose money

#5 Trading 212
Web trading platform
4.9

Trading 212 has a user-friendly and customizable web trading platform. It also provides a two-step login.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Best international online brokers for citizens in Japan - Trading 212 trading platform
Trading 212 trading platforms
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Web platform score 4.5 stars 5.0 stars 4.5 stars 3.8 stars 4.9 stars
Mobile platform score 3.8 stars 5.0 stars 4.8 stars 4.8 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 2.5 stars 4.3 stars -

More
76% of retail CFD accounts lose money

#5 Trading 212
Verdict

Trading 212 is a CFD and forex broker regulated by multiple financial supervisory authorities.

On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed research tools for fundamental analysis and found forex fees relatively high.

Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.

Trading 212
Summary Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well.
Fees score 3.8 stars
Recommended for Active CFD and FX traders and investors looking for intuitive trading platforms

More
76% of retail CFD accounts lose money

Best international online brokers for citizens in Japan
What makes a good online broker

Now that you know the top 5, you are probably curious how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago, if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like characters in the movie 'Wolf of Wall Street'. They were constantly monitoring stock prices while holding the phone and shouting. The Internet changed all that. Nowadays, if you want to invest in Apple shares, you open an online account, deposit money, and set up an order on the brokers' online platform. These platforms are the online brokers. Online brokers help you buy and sell securities like stocks and ETFs. After creating your order, the online broker executes it immediately. It all takes place online.

Are these brokers safe?

We consider each broker on our list safe. You can be sure none of them is a scam. All the brokers featured on BrokerChooser are regulated by at least one authority.

However, brokerage companies can still go bust. Remember the collapse of Lehman Brothers? In such cases, it is important to know what happens with your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.

If all goes wrong, and for example, the broker steals your assets, then you have a last resort: the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best online brokers?

At BrokerChooser, we test online brokers based on more than ~300 criteria, with real accounts and real money. We don\'t want to overwhelm you, so we will list the five most important criteria.

5 most important criteria for the best online brokers in 2021
1. Fees The trading fees of a typical US equity trade can be 50 times higher at one online broker compared to another. It's definitely worth checking these fees.
2. Account opening Some online brokers require a minimum deposint to start investing while others don't ask for a fix first-time deposit. Check these reuirements at the best online brokers.
3. Deposit and withdrawal At some online brokers, funding and withdrawing funds can take 5 times longer and be much more expensive than at others.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
4. Markets and products You want to invest in Amazon or trade Bitcoin? They might not be available. Check the product lineup before opening an account.

Best international online brokers for citizens in Japan
Bottom line

These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in Japan:

Best international online brokers for citizens in Japan
Interactive Brokers Saxo Bank TradeStation Questrade Trading 212
Overall score 4.9 4.8 4.7 4.6 4.6
Best in Best online broker Best forex broker
Fees score 4.1 stars 3.0 stars 4.1 stars 3.7 stars 3.8 stars
Account opening score 3.4 stars 2.5 stars 5.0 stars 3.8 stars 4.5 stars
Deposit and withdrawal score 3.5 stars 4.8 stars 2.3 stars 2.7 stars 4.3 stars
Markets and products score 5.0 stars 5.0 stars 2.7 stars 4.2 stars 3.7 stars
Web platform score 4.5 stars 5.0 stars 4.5 stars 3.8 stars 4.9 stars
Mobile platform score 3.8 stars 5.0 stars 4.8 stars 4.8 stars 4.9 stars
Open account Open account Open account Open account

Interactive Brokers is our winner, the best international online broker in Japan for 2021. Low trading fees. Wide range of products. Many great research tools.
All of these brokers are considered safe and a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with the help of our in-depth comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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